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Smartbills vs Yokoy

Running a model over a photo is impressive engineering. Not needing the photo at all is the better outcome, and that's what separates these two.

At a glance

Smartbills vs Yokoy, in one screen

Yokoy is a Swiss platform that applies machine learning to expense processing, supplier invoices and corporate cards for medium and large enterprises. Automatic approval of low-risk items is its main claim. TravelPerk acquired it in January 2025, adding travel booking to the package.

Smartbills

Best for

Enterprises that would rather get rid of the document problem than automate the reading of documents, and that want receivables on the same ledger.

Where it's stronger

  • Structured input removes the kind of error that model-based extraction has to manage.
  • Line-level tax detail an auditor can trace to the merchant's own record.
  • Receivables, rebilling and cash application on the same ledger.
  • No dependence on a travel company's roadmap.

Yokoy

Best for

Choose Yokoy if you want automated processing across expenses, invoices and cards at European enterprise scale, with travel booking attached.

Where it's stronger

  • Strong automation across expenses, supplier invoices and cards, all in one model-driven pipeline.
  • Enterprise deployments across Europe, with the compliance work that implies.
  • Travel booking through TravelPerk, which we do not offer at all.
  • If your merchants will never join a receipt network, extraction quality is what counts, and Yokoy's is good.

Every comparison on this site names what the other product does better. If we couldn't think of anything, we didn't publish the page.

Side by side

Smartbills and Yokoy, feature by feature

These are structural differences, not plan checkboxes. Capabilities change, so check the vendor's own documentation before deciding on any single row.

Automated expense and invoice processing

SmartbillsAutomated from structured input
YokoyTheir central claim, from images

Corporate cards

Smartbills
Yokoy

Travel booking

Smartbills—
YokoyThrough TravelPerk

Receipts issued by the merchant

Smartbills
Yokoy—

Line items without reading an image

Smartbills
Yokoy—

Getting paid: accounts receivable

Smartbills
Yokoy—

Track record at large-enterprise scale

SmartbillsLess
YokoySubstantial in Europe

Moving from Yokoy

None of this needs a big-bang cutover. Most teams run both tools for one cycle and compare capture rates before switching anyone off.

  1. Estimate network coverage

    The case for Smartbills grows with how much you spend at stores that send receipts through Smartbills. Measure that share first.

  2. Keep travel where it is

    Booking can stay with TravelPerk while capture moves. Travellers see no change during the evaluation.

  3. Run a controlled comparison

    Put the same month's transactions through both and compare exception rates and line-level accuracy. Demo data tells you little.

  4. Migrate payables afterwards

    Move supplier invoices once card capture is settled. The two migrations stay independent.

FAQ

Frequently asked questions

What people ask us before they sign up.

No. It has been part of TravelPerk since January 2025. Ask TravelPerk how the products are packaged and priced together now.

We use models where a document really does have to be read. The design goal is to need them less often, not to put them front and centre.

Yokoy has more enterprise deployments and the compliance work that comes with them. Smartbills fits better where enough of your spend is at stores that send receipts through Smartbills that capture no longer depends on extraction.

Get started

Ready to see it against Yokoy?

Bring one month of your own receipts and card transactions, and we'll show you the capture rate on both sides instead of a slide deck.